During today's Turkish central bank meeting, the market anticipated a rate cut between 200-300 pips.
Asian stocks demonstrate mixed performance
On Friday, Asian markets showed mixed performance because the evergreen buck wobbled having soared overnight reacting to remarks from Donald Trump.
Tokyo's benchmark Nikkei 225 index rebounded from morning revenues losing 0.06%. As for key exporters, they demonstrated mixed performance because the evergreen buck held onto moderate overnight revenues versus the Japanese yen. Meanwhile, financial names generally inched down.
Car makers turned to be mixed too. Toyota edged up 0.46% and Honda rallied 0.05%. Besides this, Suzuki Motor went down 3.23% after Maruti Suzuki India revealed that its quarterly revenue disappointed hopes.
Fanuc Manufacturing stood still, soaring no more 0.1%.
As Friday’s data disclosed, December consumer prices were steady in Japan. In December, the core consumer price index inched up 0.9% versus 2016. Excluding energy and food, prices tacked on 0.3% in November.
More tariffs were introduced
Yesterday, the US Justice Department announced a broad antitrust review ...
We've got some positive news for the British pound and we are awaiting the release of the core retail sales for Canada at 15:30 MT.
The tweet by Iran's foreign minister increased the possibility of tensions in the region. It pushed the oil prices up.
The European trading session will be highlighted by the events for the British pound. Traders will pay special attention to the BOE meeting at 14:00 MT.